Show 1 TO oun TRADE IV ire N 1 tot for Cerry tes four ar gallas I 1 we need better fact facilities lit les for carrying oar coode to foreign markets cur keta says the north Aint rican atan Is I 1 ut ot at no accost la III I 1 I 1 be oct a ur arr ring trade and in lapiana lapi many any I 1 ot of the large porta po arts ot of the T world or id the american flag la in almost unseen and unknown aa as an emblem of rm merce in fifty years our foreign 11 commerce has increased from to 1 1 but the total ot at our merchant marine car caked eged in ip tor for e ign 1 trade baa has decreased tona tons to 8 1 1247 in the satah time with nearly eight times the foreign com commerce mcree we had half halt A century ago at wo we now have only four ot of the ocean carrying carry ins tonnage ilie e then nad had more ban than two thirds of 0 our imports and export formerly wire carried la in A american merican vessels while now how but little more than thin a tenth ot of thi this trade li Is borne in our ships not only do the profits corned earned in transporting trani porting millions ot at do dal lara lars n orth ot at merchandise to and add from our porta ports pass chiefly into tho bandi hands ot at foreign vessel osti owner cirs but the yen cela sets themselves are built in foreign I 1 yard yards elving giving employment to i ot at men in an industry Indu alry which ought to I 1 be planted in our oar country aa As in our ocean commerce so also in our finan UM rel aUona lotis with other countr ls a we an art dependent largely upon the ake ter vices rendered by fore foreign ign interests particularly in our dealing dealings with the to the south of at ua us we are in urgent need ot of direct international banking facilities ne e do worth ot of business with south america in a year and yet all our balance balances have tc te be settled through english or european banking houses in the great trade center centers ot of south america the english the germane germans the french and the italians allani It hare have their banka banks but I 1 think that I 1 am right in laying saying that there ther e li Is not an american bank in a all ill S south 0 uth america manifestly thia this li 13 a serious hindrance to our trade |